I did hastily slap on an IWM , 3-wide iron condor in a December expiry on Friday, but wouldn't mind slapping on some more if this isn't the end of it for pre-election jitter since I have virtually nothing on in broad-index plays.
For alternatives, I'm looking for contraction plays where the implied is high in the range and high "in the background". Unfortunately, >70% 52-week high implied rank and >50% implied plays have been few and far between, so I've tweaked my screener to look for rank >70% over the preceding 6 months, as opposed to 52-weeks. Even then, only GILD, WFM , and BABA pop up as having a rank >60 (I'm being a little picky here, confining myself to the most liquid option plays), and those don't have a background implied of >50%, so I'm unlikely to play any of those in the absence of a last minute pop in .
Nevertheless, I will keep an eye on them "just in case" ... .